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|Title:||Intellectual Property Rights and Innovation in SMEs in OECD Countries|
|Keywords:||SMEs;intellectual property rights;IP system;new technology-based firms|
|Abstract:||The increasing importance of intangible assets as a source of competitive advantage for firms, has made the intellectual property (IP) system increasingly attractive and, in many cases, indispensable for all economic agents. As small and medium-sized enterprises (SMEs) account for approximately 95% of the business population and play a significant role in the national economy in terms of their sizeable contribution to GDP, employment generation, export performance, and achieving sustainable national economic development, most governments have placed increasing emphasis on facilitating the creation and development of the national SMEs sector. Nevertheless, empirical evidence suggests that SMEs face significant barriers in making effective use of the IP system and this may have an impact on their ability to exploit their innovative and creative capabilities. This paper explores some of these barriers and analyses some of the policies enacted, primarily in OECD countries, to try and over come them. The paper also suggests that it is crucial that initiatives seeking to make a real impact in increasing awareness and encouraging a more effective use of the IP system by entrepreneurs and SMEs manage to incorporate IP within the broader development framework of support for SMEs.|
|Appears in Collections:||JIPR Vol.10(1) [January 2005]|
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